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Committee approves issuing up to $45M in revenue bonds for wet‑weather control projects
Summary
The committee approved a bond resolution to fund a pump station, equalization basin and CSO O‑19 project; total construction cost is about $51M and the loan will be repaid over 30 years with SRF participation and local matches.
The Lansing City Council Committee of the Whole voted unanimously Jan. 13 to approve a bond resolution authorizing issuance of sewage disposal system revenue bonds to fund the next phase of the city's wet‑weather control program.
Mark Jones, Public Service Department, told the committee the bond resolution covers the 2025 project bonds for the Lansing Avenue Pump Station and Equalization Basin and the Combined Sewer Overflow (CSO) O‑19 area. He said…
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